You can see our latest waterfront update by visiting the Kitsap Waterfront page or by downloading the waterfront update itself. Here's a quote from the report.
We have some great waterfront properties for sale. In fact, the whole high end waterfront property market is pretty well stocked. Whereas in July 2005, there were 106 active listings and 53 closed sales (about a 2 month inventory turnover rate), in August 2009 there were 202 active listings and 10 closed sales (a 20 month inventory turnover rate). With the paucity of move up waterfront buyers, the high end of our water- front market (and there are only a few waterfront homes not in the high end) is a true buyer’s market. Only the homes with best condition and value are selling.
